There is an emerging trend of innovative products being made to help boost food production without agriculture. For example, fat that is free from animal ingredients and artificial ingredients.

Using precision fermentation, Australian food tech company Nourish Ingredients, a pioneer in the emerging 'animal-free' speciality fat segment has produced the world's first animal-free fat that is derived from nature. It claims this will help to accelerate the future food system by solving the biggest issues in the plant protein market around taste, nutrition, and consumer adoption. With its recent Singapore expansion, Nourish Ingredients hopes to scale up the production of its breakthrough fat. 

Market intelligence research shows that the global precision fermentation ingredients market is projected to reach USD$38 billion by 2031, at a CAGR of 43.5% during the forecast period of 2024–2031.

Ernest Vecilla, Head of Culinary Innovation, Nourish Ingredients shares more insights from the food tech industry.